Skip to comments.China outstrips US as center for IPOs
Posted on 12/16/2009 6:49:28 AM PST by Cheap_Hessian
HONG KONG China has outstripped the U.S. in the amount of money raised from stock listings, underscoring the region's stronger economy and a resurgence in investment.
Companies have raised nearly $52 billion from initial public offerings on exchanges in Hong Kong and mainland China so far this year, according to financial research firm Dealogic. That's about twice as much as the some $26.5 billion in American IPOs. In 2007, the amount of money raised from IPOs in Hong Kong and the mainland also exceeded the U.S. total.
Hong Kong alone has drawn more than $27 billion this year, making the southern Chinese financial center the world's top city for equity capital raising for the first time, according to Dealogic's records dating to 1997. Since 2000, Wall Street has led every year except for 2006, when London was the destination of choice.
The activity underscores the yawning gap in economic strength between Asia and the West.
(Excerpt) Read more at news.yahoo.com ...
China doesn’t have Sarbanes Oxley to contend with.
We regulated ourselves right out of the IPO market(along with just about everything else)
Spot on, Karl.
“What do you think the Russians talk about in their councils of state — Karl Marx? They get out their linear programming charts, statistical decision theories, minimax solutions, and compute the price-cost probabilities of their transactions and investments, just like we do.” - Arthur Jensen (Network)
Its truly a "Through the Looking Glass World". Lewis Carroll would be proud.
“China doesnt have Sarbanes Oxley to contend with”
Or minorities demanding handouts, a welfare system that is literally carrying millions/generations, a lawsuit happy culture where women get to decide what is and is not harrassment based on what Oprah tells them, a failing school system and a culture that promotes equality at the expense of success and innovation.